USG Tech Solutions has informed that the board of directors of the company at its meeting held on November 20, 2012, has considered and approved for allotment of 34,63,410 equity shares of Rs. 10 each at an issue price of Rs. 13.00 each to M/s. RIS Group Ltd., New Zealand (a non-promoter entity), on preferential basis.
The above information is a part of company’s filings submitted to BSE.